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Tim Sawatzky
Owner and Realtor® @ 2 Percent Realty Valley. Urban Development, increase housing supply, tiny homes. Fair fees.
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Tim Sawatzky retweeted
Aly F. Jiwan Oct 11
Replying to @fabulavancouver
Hard+Soft costs are actually more like $450-$485/netSF excluding land for 4 storey woodframe = $300k for a 600sf 1 br even if land is free. So an election promise for the City to build 25k units on City land would cost $7.5 Billion. Then have to operate for next 60+yrs w/o losses
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Tim Sawatzky Oct 8
Replying to @verus_praedium
I think mortgage brokers will disappear first. But 10-15 years sounds about right. Fees will be way down by then. In the meantime I’ll continue to educate sellers on why they shouldn’t throw away thousands (of tax free $ in most cases) for nothing in return.
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Tim Sawatzky Oct 4
Replying to @SteveSaretsky
Seeing some upcoming projects offer realtors 3% of the sale price for pre-sale units sold in October. That’s a massive bonus!
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Tim Sawatzky Oct 3
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Tim Sawatzky retweeted
UDI Pacific Region Oct 3
"Many [venture capitalists] have homed in on real estate as a big opportunity because parts of the industry — like pricing, mortgages & building management — have been slow to adopt software that could make business more efficient." Via
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Tim Sawatzky retweeted
Steve Saretsky Oct 2
Replying to @2PercentValley
Langley continues to turn heads. Condo inventory now up 214% from last September.
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Tim Sawatzky retweeted
RateSpy.com 🇨🇦 Oct 1
If you need a mortgage rate hold, get your app in soon to be safe. NAFTA 2.0 is taking rates higher:
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Tim Sawatzky retweeted
Bill Tufts Sep 29
Canada to admit nearly 1 million immigrants over next 3 years That's like One new Manitoba or Saskatchewan Or Two Newfounland Or 7 Prince Edward Island How much is enough
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Tim Sawatzky retweeted
Richard Wittstock Sep 26
This is disastrous - this directly impacts developers’ ability to bring on new affordable rental. This will result in cancelled projects. I guess you’re ok with that ?
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Tim Sawatzky retweeted
Mike Harrison Sep 26
A real estate tax intended to temper demand has ironically contributed to our supply problem...
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Tim Sawatzky Sep 25
Put it this way. There has been one registered sale in Langley over $3,000,000 since August 1st. The luxury market is totally dead.
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Tim Sawatzky Sep 24
Yikes. We took on a property 2 years ago with a renter paying 35% below market rent. The numbers just worked because of the allowable increases. This affordable duplex is surrounded by new monster homes... if we sell, it gets torn down for a luxury home. Reducing rentals.
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Tim Sawatzky retweeted
Aly F. Jiwan Sep 24
We have now halted plans for 100s of new units just over the next 12-24 months & will now focus on developing condos. Govt & public opposition to business is stifling much-needed rental housing supply. Price controls do not work & only make it worse for tenants.
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Tim Sawatzky retweeted
Francesco Aquilini Sep 21
There are 31 NHL cities, Vancouver is the only one without ride-hailing. In fact, Vancouver is the only major metro area in all of N. America without it. Listen to the people , not the taxi lobby. We need and ! Please RT if you agree.
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Tim Sawatzky Sep 19
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Tim Sawatzky retweeted
CBC News Alerts Sep 19
Ticketmaster is recruiting professional scalpers who cheat its own system to expand its resale business and squeeze more money out of fans, a CBC News/Toronto Star investigation reveals.
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Tim Sawatzky retweeted
RateSpy.com 🇨🇦 Sep 19
OREA head, Tim Hudak, is calling on feds to ease the mortgage stress test: Won't happen anytime soon — but if rates rose enough, might consider reducing the mortgage qualifying rate *somewhat,* or providing exceptions to it.
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Tim Sawatzky retweeted
LandlordBC Sep 17
Rental Operating Expenses vs RTB Maximum Allowable Increase Over Last 10 years. More to come.
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Tim Sawatzky retweeted
Michael Geller Sep 18
Never really thought of this before, but transforms travelling in foreign countries. Can't speak the language? Don't have local currency? Worried the taxi is taking you for a ride? All these concerns are gone. No wonder visitors to BC are as upset as locals!
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Tim Sawatzky retweeted
Aly F. Jiwan Sep 15
Supply works, rent controls don't. Note: new rental bldgs in NYC are not subject to rent controls and are now over-supplied. Older bldgs have rent-controlled suites that are hoarded by tenants, passed on to family and thus no supply & badly maintained.
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